Decarbonisation is a challenge for developing countries’ green energy transition

Vice President for Private Sector Operations and Public-Private Partnerships Asian Development Bank, Ashok Lavasa gives a presentation about smoothing a green and fair energy transition in Asia and the Pacific at the T20 Summit 2022 in Nusa Dua, Bali, Monday (5/9).

Nusa Dua, Bali – Decarbonisation is a challenge for developing countries during the green energy transition, analysts say Monday (5/9). Developing countries and countries with large fossil fuel sectors are expected to spend more on physical, relative to gross domestic product (GDP), decarbonisation and low-carbon growth.

Director of the Australian National University (ANU) Center for Climate Economics and Policy (ANU), Frank Jotzo, said the matter has an impact on job losses. In his view, the calculation of fossil fuel replacement will cost a lot of money and also needs to be taken into account. “This is a real concern. In this case, countries need to make certain strategies to see practical steps in providing good infrastructure services, but also affordable for consumers and industry,” he said at the plenary session of the T20 Summit, entitled “Smoothing Green and Just Energy Transition”, 5-6 September 2022 in Nusa Dua, Bali.

Indonesia is currently holding the G20 presidency, until its summit in November 2022. Along with the G20 presidency, T20 is an engagement group that becomes a forum for experts and analysts to discuss in recommending solutions that will be utilized in the upcoming G20 summit or Leaders Summit. Experts are expected to provide various insights on the efforts that the public or private sector can take to ensure a smooth green and energy transition and how the G20 can contribute to the process.

Some of the panelists in this session included Director of the German Development Institute (DIE) Anna-Katharina Hornidge, Director of the Australian National University (ANU) Center for Climate Economics and Policy (ANU) Frank Jotzo, Vice President of Regional Office Asia The Rockefeller Foundation Deepali Khanna, Deputy Director/Chairman Global Sector for Renewable Energy Global Green Growth Institute (GGGI) Nishant Bhardwaj.

The Rockefeller Foundation’s Vice President for Asia Regional Office Deepali Khanna assessed that there is an important role to play in the green energy transition, namely negotiations, political and economic stability. He said, heading towards the energy transition, it is important to move away from political perspectives such as the current Russo-Ukrainian war. (Hartatik)

Like this article? share it

More Post

Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles